Sunday, October 5, 2008

Weekly hot stock picks

Weekly hot stock picks and share market investing ideas from Stockinvest. in

Weekly hot stock picks

6 October, 2008

STATE BANK OF INDIA


RESEARCH: MOTILAL OSWAL

RATING: BUY

CMP: Rs 1,481

Motilal Oswal maintains ‘buy’ rating on State Bank of India (SBI). The bank’s rural and agri-business unit comprises: (1) all the business done at its rural and semi-urban branches; and (2) agriculture business done at any branch. SBI has 7,100 branches in rural and semi-urban areas which account for ~70% of its total branch network strength.

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